Chart courtesy of freestockcharts.com
June $UUP 23-26 Call Spread Up 52% In 20 Days (Net Debit .52 to .79)
2/03/2010 05:23:00 PM
To those of you who despise $UUP, I present to you a trader who is up 52% (net debt .52 to .79) so far on a $UUP June $23-26 call spread initiated a couple weeks ago. At that time UUP held on to 50dma support (22.63) and it closed at 23.40 today, up 3.4%. The USDX (US Dollar Index) move from December is another story, you can thank Jim Rogers (Jim Rogers Betting On US Dollar Rally, Would Buy Gold At $1000).